Eurex to challenge CME in currency arena

Eurex, the German derivatives bourse, has agreed a tie-up with the Moscow Exchange as it makes a concerted push into trading foreign currency derivatives and takes on CME Group, the dominant operator in the market.
The group, part of Deutsche Börse, said on Wednesday it would begin trading futures and options on eight currency pairs in the fourth quarter. They include listed contracts in dollar-euro and futures in the dollar-rouble, the third most popular foreign exchange futures contract globally………………………………………..Full Article: Source